The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Gossamer Bio Inc shares valued at $26,773 were sold by Hasnain Faheem on Mar 27 ’24. At $1.16 per share, Hasnain Faheem sold 23,172 shares. The insider’s holdings dropped to 120,293 shares worth approximately $98640.26 following the completion of this transaction.
Also, Giraudo Bryan sold 6,430 shares, netting a total of over 7,431 in proceeds. Following the sale of shares at $1.16 each, the insider now holds 92,737 shares.
Before that, Christian Waage had sold 6,430 shares from its account. In a trade valued at $7,430, the EVP, Tech Ops and Admin traded Gossamer Bio Inc shares for $1.16 each. Upon closing the transaction, the insider’s holdings decreased to 6,430 shares, worth approximately $0.48 million.
Analysts at UBS downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late July. As of March 07, 2023, Raymond James has decreased its “an Outperform” rating to a “Mkt perform” for GOSS. Earlier on March 01, 2023, Guggenheim initiated its rating. Their recommendation was “a Neutral” for GOSS stock.
Analyzing GOSS Stock Performance
During the last five days, there has been a drop of approximately -17.98%. Over the course of the year, Gossamer Bio Inc shares have dropped approximately -10.14%. Shares of the company reached a 52-week high of $1.6000 on 03/07/24 and a 52-week low of $0.7590 on 01/25/24. A 50-day SMA is recorded $1.1784, while a 200-day SMA reached $0.9967. Nevertheless, trading volume fell to 0.94 million shares from 0.92 million shares the previous day.
Support And Resistance Levels for Gossamer Bio Inc (GOSS)
According to the 24-hour chart, there is a support level at 0.7948, which, if violated, would cause prices to drop to 0.7697. In the upper region, resistance lies at 0.8503. The next price resistance is at 0.8807. RSI (Relative Strength Index) is 27.03 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1850, which suggests the price will decrease in the coming days. Percent R is at 95.83%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
